365 CITRUS POINTE DR, Davenport, FL 33837
This contemporary home is truly a gem and an excellent opportunity for anyone looking to enjoy the Florida lifestyle without the hassle of new construction. Here’s a summary of its fantastic features: - **Move-In Ready**: Built in 2020, this home is in excellent condition and requires no waiting for construction completion. - **Spacious Layout**: With 3 bedrooms and 2 baths spread across 1,955 square feet, it offers ample space for families or those who love to host. - **Community Amenities**: Located in the desirable Citrus Pointe community, residents can enjoy: - Two dog parks for pet lovers. - Sidewalks for leisurely strolls or jogging. - A beautiful Olympic-sized community pool featuring a zero-entry design and elegant pavers. - A cabana and playground for outdoor activities. - An affordable yearly HOA fee of just $290. - **Thoughtful Design**: The open and split floorplan creates a light and bright ambiance. This setup is great for entertaining or allowing privacy between living spaces. - **Prime Lot Location**: Situated on a corner lot next to a conservation area, you'll enjoy added privacy and the beauty of natural surroundings. - **High Ceilings**: The high ceilings provide an airy and spacious feel throughout the home. - **Convenient Features**: An inside laundry area comes fully equipped with a washer and dryer for added convenience. - **Outdoor Living**: The rear lanai is perfect for enjoying evenings outdoors or sipping your morning coffee. - **Efficiency Upgrades**: With solar panels that are paid in full at closing, you can look forward to minimal electric bills, enhancing your savings and sustainability. - **Water Softener**: This feature ensures you have soft water throughout the home, contributing to better skin and hair health as well as protecting plumbing and appliances. This home combines modern conveniences with a vibrant community atmosphere, making it an ideal choice for anyone looking to settle in a beautiful Florida setting. Don't miss out on this opportunity to enjoy a ready-to-move-in dream home! Check out the 3D floorplan and professional photos.
You may be able to put down less than the total down payment amount of $134,904 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #v4938432